Institutional Positioning Intelligence
Understand crowding, momentum, institutional bias, and divergence in one decision-ready view.
Bearish positioningLarge speculators are net short and added 8,285 contracts of net bullish exposure this week. Commercials are net long. Over the selected 52 weeks window, non-commercial net positioning is building higher. Positioning remains in a neutral historical zone on a 52-week basis. Within the selected 52 weeks range, positioning sits around the 55.8 percentile. Commercials remain structurally opposite to speculators, which is typical in hedging-heavy markets. Price/COT divergence is currently limited.
Current selected-window percentile: 55.77%. 0-20%: crowded short, 40-60%: neutral, 80-100%: crowded long.
Positioning and price action are not showing a strong divergence signal this week.
| Participant Group | Long | Short | Spreading | Net | Weekly Change | 13-Week Avg | 52-Week High | 52-Week Low | Percentile | Bias |
|---|---|---|---|---|---|---|---|---|---|---|
| Non-Commercial | 89,942 | 156,366 | 4,133 | -66,424 | +8,285 | -100,485 | 36,159 | -179,095 | 55.77% | Bearish |
| Commercial | 239,393 | 165,133 | 0 | +74,260 | -12,588 | 107,979 | 189,021 | -44,360 | 48.08% | Bullish hedge bias |
| Non-Reportable | 27,473 | 35,309 | 0 | -7,836 | +4,303 | -7,494 | 8,201 | -16,243 | 40.38% | Bearish |
| Total | 333,468 | 325,632 | 0 | +7,836 | -4,303 | 7,494 | 16,243 | -8,201 | 61.54% | Bullish |
